Economy & Markets
The important economic and stock market news that advisors need to know.
CBO Cuts Forecast for Social Security Fund Life Span, Sees Debt Topping GDP in 2021
By Bernice NapachThe latest CBO projections reflect the carnage the pandemic is inflicting on the economy.
August 31, 2020
Active Equity Fund Investors Beat Indexers in Q2: DalbarThey withdrew less and invested more on a net basis compared to their passive fund counterparts.
August 31, 2020
Glitches Plague TD Ameritrade, Schwab, Vanguard and Other Trading SitesThe outages, slowness and trading difficulties came as Apple and Tesla split shares; the brokerage firms said the issues were resolved later on Monday.
August 31, 2020
Robinhood's Dark Side: Irate Traders, U.S. ProbeOver the first half of 2020, consumer protection agencies received 400-plus complaints about Robinhood -- roughly four times more than rivals like Schwab and Fidelity.
August 31, 2020
Direxion Introduces Connected Consumer ETF: Portfolio ProductsAlso, T. Rowe Price is changing the strategy of its long-term U.S. Treasury fund from active to passive.
August 28, 2020
11 Best Small Towns for RetirementThese towns combine affordability with low crime rates and high quality of life for seniors.
August 27, 2020
Why the Fed Can't Talk the U.S. Economy Into InflationJerome Powell knows the Fed is at the end of its rope; interest rates are near zero and taking them negative is a nonstarter.
August 27, 2020
One Weird Type of Employer Grew in Q2: AnalystsThose strange companies are also predicting the strongest future revenue growth.